Orlando Greenlights $500M Entertainment District
Construction of the $500 million, 900,000-square-foot mixed-use project, to be called Westcourt, is set to break ground in late 2024.
Construction of the $500 million, 900,000-square-foot mixed-use project, to be called Westcourt, is set to break ground in late 2024.
A three-story building with ground-floor retail will front Plant Street, with the top two floors holding ten apartments.
In honor of the New Year, here are the most popular news headlines of 2023 on CRE-sources.
Douglas Partners intends to build the apartments and sell off the commercial uses to other developers.
The project will total 900,000 square feet.
Williams will oversee and grow the firm’s several business lines in the Orlando market, including insurance, investment sales, capital advisory, leasing, project management and property management.
Newmark Multifamily Capital Markets Vice Chairmen Scott Ramey and Patrick Dufour, Director Brad Downing and Associate Paul Grant represented the seller in the sale transaction.
The Flats Orlando will operate as a hotel with short-term stay options streamlined through an exclusive rental program led by a worldwide brand soon to be announced.
The 376-unit apartment development was purchased for $71 million.
The 45,000-square-foot facility recently broke ground within East Park Village, a 23-acre mixed-use development in Orlando’s Lake Nona neighborhood that will include a multifamily, retail, and hospitality component.
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